- Municipal Council
Mount Royal, December 12, 2016 – Mayor Philippe Roy has presented the highlights of the Town’s 2017 budget at a special Council meeting held this evening. Notable, as usual, for its prudence and mindful of residents’ quality of life, the budget limits to 0.75% the increase in property taxes on the average house. Minimizing the size of any increase seemed appropriate following the September release of the new property assessment roll, which saw the average value of a single-family dwelling in Mount Royal rise to $1,082,000.
The 2017 budget totals $90.1 million, a 6.2% increase from the preceding year. The Triennial Capital Expenditures Program (PTI) for 2017-2018-2019 amounts to $59.3 million, a decrease of around 1.8% from 2016. Slightly more than $5.3 million of the PTI is planned for 2017. This year once again, a large portion of the budget and the PTI goes toward maintaining streets, water mains and sewer systems, especially as the Town has access to funds for work previously planned but not performed. Unused funds will also be used for the renovation of the former police station at 40 Roosevelt Avenue.
Work in 2017 will also include installing outdoor training modules for adults and seniors, adding lighting to the dog run and converting the former dog run into a sports area where basketball and pickleball, among other activities, can be played. To that can be added various repairs to the municipal shops, greenhouses and Town Hall. Without attaching a date to the project, the PTI also includes amounts earmarked for the construction of a future sports and community complex.
It is interesting to note that the budget also calls for a $2,543,800 (112.5%) increase in capital repayments of the long-term debt. Specifically, in 2017, the Town intends to prepay debt that it normally would have refinanced. The amount accumulated in the financial reserve created for the purpose will enable the Town to pay back a total of $3,060,200 of its long-term debt sooner than expected.
“Anyone who looks closely at the 2017 budget will see familiar themes when it comes to Mount Royal’s finances,” said Mayor Roy when presenting the 2017 budget. “This year, we have again set ourselves the goal of keeping a tight rein on the Town’s spending, limiting the property tax increase for residents and keeping our infrastructures in good shape. Debt remains under control, which means Townies are reaping the benefits of several years of financial discipline. In addition to these more general goals, we will also focus on physical activity, culture and, of course, the environment in 2017.”
Lastly, the Town of Mount Royal budget includes funding for the 50th anniversary celebration of the Reginald J. P. Dawson Library next spring and the holding of general elections in the fall.